Highlight: Vietnam – Up and Coming Air and Ocean Cargo Transport Hub

• Vietnam’s financial system has skilled fast progress for the reason that 1986 financial reforms and progress in worldwide exports to Europe and the USA has accelerated prior to now 5 years.
• Exports and imports have grown multi-fold and whereas there’s a commerce deficit, this hole is predicted to slim as export industries proceed to develop.
• Containerized volumes have grown yearly by nearly 20%. Nonetheless port and infrastructure enhancements might want to proceed to maintain up with the expansion pattern.
• 24 of Vietnam’s 126 ports deal with ocean cargo transport nevertheless the nation at present lacks deep water port amenities and might at present solely deal with small feeder ships. Improvement of deep-water ports are deliberate and may result in massive enhancements in worldwide cargo transport exercise.
• Vietnam’s logistic trade remains to be being developed and the nation at present lacks in key infrastructure together with warehousing and depot amenities to match with demand. Logistic prices is usually a vital contributor to the excessive price of doing enterprise in Vietnam. Enhancements over the previous 10 years have introduced down these prices considerably and these ought to proceed to drop as Vietnam continues to put money into new infrastructure and know-how to fulfill worldwide transport requirements.
• Numerous corporations (together with corporations in China) are actually producing their commodities in Vietnam…the primary query is can Vietnam deal with the rising exports?

Ocean and Air Port Data:

Ho Chi Mihn metropolis serves as the important thing port for each ocean and air imports and exports. Greater than 70% of Vietnam’s transport containers move by this port.  Attributable to current progress, congestion has turn into and can proceed to be an issue as container quantity progress exceeds port capability growth plans.

Alternate ports close to Ho Chi Mihn are being developed in addition to new worldwide ports at Van Phong Bay (close to Nha Trang) and Cai Lan in Quang Ninh windfall.

Three worldwide airports serving Hanoi, Danang and Ho Chi Mihn Metropolis deal with worldwide air cargo transport. To satisfy the elevated demand in passenger and freight site visitors, the federal government has plans to develop a further 3 worldwide airports by 2015.

Key Merchandise:

• Main exporter of seafood, rubber, rice and occasional
• Agricultural and aqua-products sector contributes to 30% of GDP

In Abstract:

Vietnam has good potential to turn into a significant air and ocean cargo transport hub in Asia. As enhancements are made to the ports, infrastructure and the logistics trade alternatives for transport to and from Vietnam will proceed to develop.